Energy transition
DOE awards $500m to clean energy projects
Treasury Secretary Tim Geithner and Energy Secretary Steven Chu today announced $502 million would be distributed to clean energy projects in the first round of awards from the stimulus package passed in February.
Switzerland adopts a 20% carbon reduction target
The Swiss government has announced it will cut GHG emissions to levels 20% below 1990 levels by 2020.
Nord Pool Spot plans to restructure Lithuanian electricity market
Norwegian derivatives exchange Nord Pool Spot and Lithuanian Transmission System Operator (TSO) Lietuvos Energija have announced plans to restructure the Lithuanian electricity market by January 1, 2010.
DTEK creates European electricity trading platform
Ukrainian fuel and energy provider DTEK has created a subsidiary company, Power Trade, enabling it to trade and export electricity to Europe and the Commonwealth of Independent States (CIS).
Australia gives go ahead to LNG project
Australian federal environment minister Peter Garrett has granted approval for the Gorgan Project, one of the world's biggest liquefied natural gas (LNG) developments.
Financials could face carbon curbs under Senate proposals
Senators could call for curbs on who can participate in the carbon market created under the American Clean Energy and Security Act (ACES) when it is considered by the Senate after the August recess. It was passed by the House of Representatives on June…
Umbrella coverage
Pauline McCallion investigates the budding opportunities for managing weather risk in the renewable energy sector.
Green shoots
Will the US Department of Energy's stimulus funding provide the financing required by the renewable energy sector?
Flying into a storm
Extreme volatility in oil markets has caused hundreds of millions of dollars in losses on airline fuel hedges. At the same time, burgeoning margin calls have forced some to get creative with collateral agreements. How is the airline industry adapting? By…
Steering out of turbulence
In recent months, Germany's national carrier Lufthansa has faced one of the most challenging operating environments in its history. Its fuel hedging team has played an important role in navigating the firm through turbulent markets, finds Roderick Bruce
Market questions UNG's influence
The US Natural Gas Fund (UNG), an exchange-traded fund (ETF) that tracks the prompt-month US natural gas price by buying Nymex futures and Nymex / ICE Henry Hub swaps, has caused controversy by building up a large market position.
Could energy follow finance into meltdown?
Energy companies aspiring to gain Tier I status have long emulated the banking model, in which trading is the repository for pricing and the management of market risk. In light of what has happened to many banks, should energy companies be adopting this…
Opposition to US climate change legislation gathers pace
The American Petroleum Institute (API) has stepped up efforts to dissuade US Senators from passing cap-and-trade legislation in September.
UNG fund secures $500million gas swap
Exchange traded fund (ETF) the United States Natural Gas Fund (UNG) entered into a natural gas total return swap for $500 million at the end of the last week, following a $250 million bilateral gas swap secured in July.
Biofuels industry to triple in size by 2020
The biofuels market will reach $247 billion in sales by 2020 according to a report from clean technology consultancy firm Pike Research.
EDH financial boost targets OTC transparency
Point Carbon, a market analysis firm, has taken an undisclosed stake in the Energy Data Hub (EDH) in a bid to increase transparency in the over-the-counter (OTC) energy markets.
Shell and National Grid join UK consortium to build CCS plant
Royal Dutch Shell and National Grid have announced that they will join ScottishPower's carbon capture and storage (CCS) consortium which is in the process of submitting a bid to build the first CCS plant in the UK.
Dong Energy acquires German wholesale company
Danish firm Dong Energy has acquired German wholesale company Kom-Strom for €27 million ($38.23 million) from Essent.
NGX offers physical clearing for US crude oil
Calgary-based Natural Gas Exchange (NGX) today announced the availability of physical clearing capabilities for the United States crude oil market, effective this week.
MCX offers imported thermal coal futures contract
India's Multi Commodity Exchange's (MCX) newly-launched thermal coal futures contract traded over 5500 metric tonnes on its first day of trade on Friday 7 August.
Centrica given all clear for British Energy stake
UK competition regulator the Office of Fair Trading (OFT) has approved plans by Centrica to take a minority stake in EDF-owned nuclear generator British Energy. British Energy operates eight nuclear power stations in the UK.
A seagull's-eye view
US offshore energy could receive a boost from a newly announced US Federal regulatory scheme. Gregory Lawrence, Mustafa Ostrander and Stephen Smith of McDermott Will & Emery outline the programme
Senate turns attention to cap-and-trade
The energy industry is holding its breath as the US Senate begins work on a cap-and-trade bill after legislation passed the House of Representatives. Pauline McCallion investigates